Further executive moves affect CBA

Chief executive and managing director of wholly-owned Commonwealth Bank of Australia (CBA) subsidiary ASB Bank, Barbara Chapman, is departing her position and intends to retire at Easter next year.

In a statement from CBA Group, it was confirmed that a recruitment strategy would be well in place ahead of Chapman’s intended exit in 2018.

Chapman has held the Auckland-based dual role of chief executive and managing director with ASB Bank since April 2011, commenced her career with CBA in 1994, and is a former chair of the New Zealand Bankers’ Association.